Port Raises $35 Million in Series B

by Kay Aloha Villamor in October 16th, 2024

Port, a Tel Aviv, Israel-based internal developer portal platform provider, has raised $35 million in Series B funding, bringing its total to $58 million. 

The company also announced the integration of large language models (LLMs) to enhance developer productivity with AI-driven capabilities. 

Investors 

The round was led by Accel, with participation from Bessemer Venture Partners and existing investors, including Team8 and TLV Partners. 

Accel is a global venture capital firm that partners with exceptional teams from inception through all stages of private company growth. Over the past 40+ years, Accel has helped ambitious entrepreneurs build iconic global businesses. 

About Port 

Founded in 2022 by Zohar Einy and Yonatan Boguslavski, Port provides a platform for creating internal developer portals, empowering all stakeholders in the software development lifecycle. The platform's customizable interface enables seamless collaboration and ensures compliance with organizational standards, from setting up microservices to managing cloud resources and handling incidents. Port’s open platform integrates with existing tech stacks and incorporates AI capabilities, adapting to each company’s unique needs. Its customers include leading brands like LG, British Telecom, and GitHub, 

Funding Details 

Company: Port IO Ltd. 

Raised: $35.0M 

Round: Series B 

Funding Date: October 2024 

Lead Investor: Accel 

Additional Investors: Bessemer Venture Partners, Team8, TLV Partners 

Company Website: https://www.getport.io/  

Software Category: Software Development 

Source: Ronny Hassid 

 


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